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#1
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You still have to report it, Paypal is just not obligated to provide a 1099 form for it. |
#2
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Yeah I did mine already at the beginning of the year and just added all the incoming payments (friends & family too) and sent it off to my accountant so I get the IRS paid sooner.
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#3
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+1
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#4
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Even the "Free" Web Site TaxAct has "Collectables" broken out as a separate tax burden issue...........
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#5
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I didn't realize paypal gift would count on your 1099. Makes a big difference.
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#6
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It would seem that the 1099 from Paypal is automated so why wouldn't they provide this to all of their users on their website?
__________________
Looking for Nebraska Indians memorabilia, photos and postcards |
#7
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Now if only I could get a deduction if I spend 20k on baseball cards for the year.
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Successful transactions with peter spaeth, don's cards, vwtdi, wolf441, 111gecko, Clydewally, Jim, SPMIDD, MattyC, jmb, botn, E107collector, begsu1013, and a few others. |
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